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L0

Materials & Chemicals

Suppliers of ultra-pure chemicals, CMP slurries, and specialty materials consumed during wafer fabrication. Upstream of everything — demand is driven by wafer starts, not end-market units.

mid
HYPOTHESIS

Lower beta to SOXX than hardware layers. Sticky customer relationships and long qualification cycles create durable moats. Less cycle-volatile than equipment or memory.

CAPITAL CYCLE
Capex/Depreciation: 1.4x

Materials demand tracks wafer starts with a short lag. No signs of overcapacity.

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BETA SPY
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BETA SOXX
5
CONSTITUENTS
3
OPTIONS ELIGIBLE
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INTRA-LAYER CORRELATION

Single constituent — intra-layer correlation not applicable.

CONSTITUENTS
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TICKERCOMPANYLASTCHG%β SPYβ SOXXSIGNALSTAGS
ENTG
Entegris
Leading supplier of advanced materials and process solutions for semiconductor manufacturing. Critic...
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OPTIONS
capital_cycle
APD
Air Products & Chemicals
Industrial gas supplier to semiconductor fabs. Provides nitrogen, oxygen, hydrogen and specialty gas...
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OPTIONS
capital_cycle
CMC
CMC Materials
Supplier of CMP slurries and polishing pads used in wafer planarization. Near-duopoly position in ce...
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OPTIONS
capital_cycle
SOITF
Soitec
SOI wafer manufacturer, OTC from Paris (SOI.SBF). SOI wafers enable RF-SOI chips in every smartphone...
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capital_cyclelong
IQEPF
IQE plc
Manufactures compound semiconductor epitaxial wafers — GaAs, InP, GaN. Upstream supplier to VCSEL, R...
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opticalinp_fab
SEMILENS v0.1 · Data via Tradier Production API · Not financial adviceBeta research: 5Y daily · Loading...